My Life Can Hang

To put it simply, life is not as good as a dog.

If it weren't for that enticing managing director position, no one would stick to it. "

This is more naked in foreign countries than in China, and it seems natural that the upper level squeezes the lower level.

Xie Jingyu said so much in order to expose the real faces behind these elites, lest Chen Dongcheng be fooled.

"Then contact this Li Changming first. I need the help of elites who are proficient in investment, and then contact the elites in law."

Luo Yunqi is good, but after all, he can't be on call 24 hours a day.

But for these elites, it's normal.

If you want to achieve the position of managing director, learning to kneel and lick customers is one of them, and it is more important to fight for your life.

Goldman's culture is that I don't encourage you to work overtime, but you see colleagues around you working 17 hours a day, seven days a week.

As a result, they were promoted, one level higher than you, and began to exploit you. What are you going to do?

Obviously, once this overtime culture is formed, no one can stay out of it.

These elites are more aware of their substitutability, and no one dares to relax.

Arrived in Kuala Lumpur, got off the plane and was picked up by someone sent by Cai Bingyao.

As a big family in Malaysia, the energy of the Cai family goes without saying.

Including SoftBank's investment in Grab, is it not because of Cai Bingyao's background.

Ability is one aspect, and family background can completely smooth this gap.

When he arrived at the company, Cai Bingyao was waiting downstairs.

He opened the car door enthusiastically, shook hands with Chen Dongcheng and said, "Mr. Chen, thank you for coming to Kuala Lumpur during your busy schedule."

"I attach great importance to this investment. The process of due diligence requires a lot of cooperation from President Cai."

"It should be, please go first. I made a reservation for the restaurant in the evening, so please show your respect."

Cai Bingyao put his posture so low, Chen Dongcheng was naturally very appreciative, and said with a smile: "Okay, then I will trouble President Cai."

"You're welcome."

Cai Bingyao breathed a sigh of relief, and looked at his entrepreneurial partner Chen Huiling: "This major shareholder doesn't seem to be that strong."

In addition to Chen Dongcheng, there were also eight elites in suits and leather shoes who came here, all of which were contacted by Xie Jingyu.

Their main task is to have a detailed understanding of Grab and reduce the risk of Chen Dongcheng's investment loss.

As Chen Dongcheng nodded, the other party immediately began to inquire about Cai Bingyao and Chen Huiling in detail.

Including the specific whereabouts of the previous rounds of financing, whether the misappropriation of public funds for consumption and so on.

The importance these elites place on due diligence also surprised Cai Bingyao.

The elite of due diligence was brought from China, and Cai Bingyao did not know it.

Naturally, there is no such thing as being bought off.

Cai Bingyao himself is a son of a wealthy family, and there is no embezzlement of public funds.

The previous money was indeed used to burn money to cultivate drivers and technical updates and research and development of background software.

Due diligence lasts for a long time, and legal, financial, and specific businesses are all responsible for detailed review.

Generally speaking, due diligence time is generally two weeks, which is a relatively common number.

Unless there are very few problems in individual companies, and investors are too anxious, there will be a situation where the due diligence time is too short.

Chen Dongcheng is not in a hurry to invest, so is SoftBank, but Cai Bingyao is the most anxious.

Uber was temporarily suppressed by Didi in China, and they plan to try to clean up the situation in the Southeast Asian market first.

Fleas like Grab can be squeezed to death by Uber.

If Chen Dongcheng and SoftBank's funds arrive, it will be impossible for Uber to easily knead Grab.

Cai Bingyao said anxiously: "Mr. Chen, can you prepay us a sum of money first, and now the funds in our account will be bottomed out at any time, please forgive me."

If it is purely in Malaysia, the previous financing will be enough to last for a long time.

Unable to hold back Cai Bingyao's ambition, he attacked directly from Malaysia.

Try to promote your business in several countries like Indonesia, Singapore, etc.

The stalls are bigger, there are strong local competitors, and Uber is eyeing them outside.

Internal and external troubles, nothing more.

If there is a choice, Cai Bingyao does not want to hand over 50% of the shares.

For him who received an elite education, this is undoubtedly a very stupid behavior.

But if you don't take shares, what will you use to fight with Uber, and what will you use to develop business in Southeast Asia?

Chen Dongcheng looked at Cai Bingyao with an anxious look that didn't look like he was cheating.

"Well...then invest 3750 million US dollars in you first, and wait for the rest to be completed."

Cai Bingyao was stunned for a moment, then nodded in surprise: "Thank you, Mr. Chen, we will cooperate fully."

This investment amount is just to ensure that Chen Dongcheng's shares will not be diluted.

With the remaining $6250 million, it is normal for Chen Dongcheng to reinvest after due diligence.

The investment agreement is temporarily modified, and the first payment is 3750 million US dollars.

In the evening, Cai Bingyao specially entertained Chen Dongcheng in one of the most upscale private restaurants in Kuala Lumpur.

In order to show respect for Chen Dongcheng, several senior executives of Grab attended and gave Chen Dongcheng the highest courtesy.

The hotel where Cai Bingyao stayed was also booked by Cai Bingyao himself, and it was the Mandarin Oriental Presidential Suite opposite the Petronas Twin Towers.

From the moment Chen Dongcheng signed his signature, it means that he will become Grab's largest shareholder.

As long as the due diligence is completed, this identity will be completely justified.

For Cai Bingyao, if you don't lick the big boss at this time, when will you lick it?

chapter 266, set up a think tank

The next morning, Chen Dongcheng enjoyed breakfast at the hotel.

The housekeeper bowed slightly and waited aside, looking curiously at an elite with neatly combed hair in a suit and leather shoes.

"Hello, my name is Li Changming, one of Goldman Sachs' current MDs, I am honored to be favored by you..."

Li Changming fits the elite impression in most people's impressions.

Even though he arrived in Kuala Lumpur in a hurry, he could not see a trace of fatigue on his body.

Like a machine, full of energy at all times.

"It's hard to get promoted at Goldman Sachs. You can be a managing director, which is pretty good."

Chen Dongcheng smiled and praised.

Li Changqing shook his head humbly and said, "There are many people in the company who are better than me. I am promoted by qualifications, so it is nothing."

"Tell me about your expected salary."

Li Changqing did not expect the progress to be so fast, and thought that he would have to chat for a while.

Usually they are used to flattering customers, and it is normal to chat for a few hours.

"Mr. Chen, I work as an MD at Goldman Sachs, and the basic annual salary is not high, 32 US dollars a year.

But our bonus is very high, for example, my annual bonus is $35.

There are also some other benefits, such as a few hundred dollars in catering subsidies, first-class travel, and so on. "

After Li Changqing finished talking about his treatment at Goldman Sachs, he was a little curious about what kind of treatment Chen Dongcheng planned to offer him since he wanted to poach him.

"I can fully satisfy what you said. You should have no room for promotion at Goldman Sachs, right?"

Li Changqing said with a wry smile: "You are joking, a partner is not something I can match.

There is a famous saying about Goldman Sachs' partnership system, I don't know if you have heard of it.

Becoming a partner of Goldman Sachs is as glorious as a knight receiving King Arthur's seal.

It's just here that the battlefield of the knights has been replaced by the global capital market, and "honor" has become real "money". "

Chen Dongcheng smiled noncommittally: "It's the same all over the world, we all understand the truth that money can make a ghost run the mill."

"I am also Chinese, and it is not easy to develop at Goldman Sachs. If I have the opportunity to return to China more often, I will definitely be willing."

Having said this, Li Changqing's meaning is already obvious.

As long as Chen Dongcheng's treatment is better than that of Goldman Sachs, he is willing to change jobs.

Chen Dongcheng thought for a while and said, "You leave Goldman Sachs. I need you to pull a few people out. Is it okay?"

"Are you planning to set up an independent investment department?"

Li Changqing asked with some doubts.

"You don't need to worry about this. I need you to help me dig two more MDs. The three of you are responsible for the investment and management of assets under my name."

Chen Dongcheng paused and asked, "Do you understand due diligence?"

"Of course, that's a capability we have to master."

Li Changqing nodded first, and then hesitantly asked, "Mr. Chen, can you take the liberty of asking, how much assets do you need to manage?"

"Right now it's about a billion dollars."

Chen Dongcheng did not hide it from Li Changqing. Now Chen Dongcheng holds several company shares and real estate.

Assets of more than one billion US dollars, it is still very easy.

Li Changqing was stunned for a while, breathing a little too quickly.